1520 SE Discovery Ln | Warrenton, OR 97146
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1520 SE Discovery Ln
Warrenton, OR 97146
Costco Retail Pad · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Property is a 100% occupied retail center leased to four tenants.
- Brand new leases have been executed by Rae’s Quilt Shop and Country Financial with four and three-year extensions executed by Ben’s Computer Store.
- There are high barriers to entry with limited developable land in the submarket.
- Assumable debt at a 4 percent interest rate with approximately 6&1/2 years remaining is available for qualified buyers, yielding a 7.7% COC return.
- Future lift in NOI is provided by annual scheduled rent increases for all four tenants.
- High-quality construction with extended roof warranty, located outside the 100-year flood plain.
PROPERTY FACTS
Property Type
Retail
Property Size
5,100 sq ft
Costar Property Class
A
LoopNet Rating
4 Star
Year Built
2015
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Plot ratio
0.29
Total Plot Size
0.41 ac
Use Class
CC - Commercial Core
Parking
13 Spaces (2.55 Spaces per 1,000 sq ft Leased)
PROPERTY TAXES
| Parcel Number | 58972 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £718,718 |
PROPERTY TAXES
Parcel Number
58972
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£718,718
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
